With SEBI announcing changes to bring Angel Funds to their ambit, the topic of Startup tax has again got much momentum. It could also be an indication that the Government has not completely dropped the idea but rather working to make the other conditions and rules first before announcing implementation of Startup Tax without much hassle.
In this episode of eLagaan Whiteboard Friday, the eLagaan team talks about what Startup Tax is, how this is calculated and what impact it can bring to Startups looking to raise Angel funds and from whom. Please note that Startup Tax is still not implemented in India but the aim is to understand what this Tax is and its impact.
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Recommended Read: SEBI’s Angel Funding Guidelines : Says Cheers on a Cloudy Day !